Project concept for investment in irrigated corn production in Cambodia

1. CAMBODIA: CORN (MAIZE) PRODUCTION PROJECT An Investment Concept

9. Growth Plan Initial 3,000 to 5,000 ha provides a profitable return and solid experience of the production and market conditions With success and knowledge of the market land area can be added incrementally in similar sized plots The business can be vertically integrated with scale into animal feed production The farm can eventually form the basis of animal feed-lots and meat production

10. Financing Installation and start-up investment costs will be in the order of $3,000/ha (depending on infrastructure requirements. Basic initial capital for start-up of US $15 million ( GBP 9.4 million) Partners Possible co-financers include regional agribusinesses such as Charoen Phokpand or Saha Farms (both Thai animal feed producers; InfraCo Asia may provide start-up capital to cover infrastructure; the Asian Development Bank could be a longer term development partner for financing expansion.

11. Risks Land grabs - Check this link Country risk - B2 ( Moody's ) B+ ( S&P ) Commodity market risk – Corn price falls below long-run average of US$3.5/bu ($136/ton) Corruption – Contract enforcement is an issue as is extortion and casual corruption Physical safety – Minor from crime and accident, no political risk

12. About Our Management Team FoodWorks Company Limited is a British-owned Hong Kong based company specializing in natural resource management with a particular focus on agriculture, agribusiness and rural development. We offer a unique range of services to investors and other implementing projects in the world’s most challenging environments. More information on our management team

13. Thank You For more information: www.foodworks.ag Back to start

14. Back Up Slides

15. Map data for Cambodia Back to main slide

16. More information on Cambodia Population – 14.8 million Constitutional monarchy with an entrenched stable “democratic” government One of the best economic records in Asia, with economic growth growing an average 6.0% for the last 10 years, nearly 8% now Per capita income in PPP - $2,470 and $1,040 in nominal per capita Why Invest in Cambodia?

19. Prices of the major food commodities – cereal grains (wheat, corn, rice), oilseeds and beverages have trended up consistently in the last decade. High demand (e.g., from emerging economies with high growth like China) has not been matched with supply. This provides an opportunity for investors. But suitable sites can present challenges – which is where we come in. For more information click here or back to main slide

20. Land use in Cambodia . Back to main slide

21. Management and Technical Expertise Our key management staff and technical experts have years of professional experience operating in the most challenging environments. In 2010-11 they have worked in Afghanistan , Cambodia , Laos, Indonesia, Malawi, Pakistan, South Sudan Tanzania, Yemen. We provide our clients with individual specialist advisors or with teams that integrate various specializations and skills under a FoodWorks Team Leader. For this investment we partner with Valmont , the world’s leading manufacturer of irrigations systems . Key Personnel

23. Key Staff Dr. Shane Tarr PhD Senior Rural Development Advisor Dr. Tarr has a distinguished academic career and has subsequently worked on a variety of agricultural development projects notably in the Greater Mekong Sub-Region. He has a doctorate in social science and an MSc. degree in agriculture. He speaks Khmer. Back to main slide Geoffrey Quartermaine Bastin Managing Director GQB is an Oxford University educated economist with 30+ years experience of natural resource development particularly in agriculture and agribusiness. He has worked on over 60 projects in Africa, the Middle East and Asia including Cambodia.. Email: [email_address]